Realty Trac President Rick Sharga is saying foreclosures will increase until at least 2011 and won’t be “normal” until 2013.
If that’s true, look for prices in Portland Metro and everywhere else to decline a bit more. Home buyers will do well.
Sellers? Just hope the Feds will continue the tax credit to home buyers, and hope the Treasury will continue to buy mortgages. A month ago, it was a forgone conclusion that both of these would terminate in the spring.
But lately, some buzz has started that they may be continued. Stay tuned.
